you type better than I, have expressed the same, and have sent emails to the company around the issue of extension or other ways around the options. no response, perhaps others could try.
i also expressed that issing 3cent options when they were clearly aware that 4cent options exist already was a bit unfair, and devalue the 4cent options holder, a huge discount, made worse by trading as who would want to buy 4 cent options when 3cents were available.
regardless both are worthless at the moment.
if , believed in recent interview, we are sitting on something of greatness around julimar, as to me would seem so, then this should be shown as a vote of confidence toward their shareholders.
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